Robert W. Baird Issues Pessimistic Forecast for Thryv (NASDAQ:THRY) Stock Price

Thryv (NASDAQ:THRY) had its target price trimmed by Robert W. Baird from $25.00 to $20.00 in a research report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on THRY. Craig Hallum assumed coverage on Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, October 30th.

Thryv Stock Down 5.0 %

Thryv stock traded down $0.76 during midday trading on Friday, reaching $14.38. The company’s stock had a trading volume of 940,077 shares, compared to its average volume of 238,161. The stock’s 50-day simple moving average is $17.12 and its 200-day simple moving average is $18.64. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14. Thryv has a 52-week low of $13.74 and a 52-week high of $26.42. The stock has a market capitalization of $521.99 million, a P/E ratio of -1.84 and a beta of 0.85.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business had revenue of $179.85 million during the quarter, compared to analysts’ expectations of $179.24 million. During the same quarter last year, the business posted ($0.78) earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts expect that Thryv will post -2.05 EPS for the current year.

Hedge Funds Weigh In On Thryv

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its position in shares of Thryv by 3.9% in the second quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $283,000 after acquiring an additional 600 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Thryv by 2.4% in the second quarter. SummerHaven Investment Management LLC now owns 29,857 shares of the company’s stock valued at $532,000 after acquiring an additional 703 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Thryv by 5.2% in the third quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock valued at $335,000 after acquiring an additional 960 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Thryv by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock valued at $225,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Thryv by 1.7% in the first quarter. Swiss National Bank now owns 65,900 shares of the company’s stock valued at $1,465,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Company Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.